Tsai Caroline 4

What Happened

• Caroline Tsai, EVP & Chief Legal & Corporate Affairs Officer of Fidelity National Information Services (FIS), had performance and restricted stock units vest on February 28, 2026. The filing shows acquisition (vesting/conversion) of a total of 82,057 shares (various PSU/RSU conversions/awards recorded at $0 per share).
• To satisfy tax withholding obligations, 13,980 vested shares were withheld (disposed) at a reported share value of $51.05, representing tax-withholding proceeds of $713,679. These withholding transactions are routine and not open-market sales.

Key Details

• Transaction date: February 28, 2026; Form 4 filed: March 9, 2026 (appears later than the typical 2-business-day Form 4 deadline).
• Vesting/awards: total acquired = 82,057 shares (combination of performance stock units and restricted stock units).
• Tax withholding: 13,980 shares withheld and disposed to cover taxes (13,980 × $51.05 = $713,679); net shares delivered to Tsai = 68,077 shares.
• Footnotes: PSUs granted on Feb 28, 2023 vested after achieving performance goals for the three-year period ending Dec 31, 2025 (F1). Some shares were withheld to pay taxes on vested PSUs and RSUs (F2, F3). Each RSU equals one share and certain RSUs vest in three equal annual installments (F4–F6).
• Filing timeliness: filed March 9 for Feb 28 transactions — filing may be late relative to standard Form 4 deadlines.

Context

• These were vesting events (awards converted to shares), not open-market purchases or discretionary sales by the insider. The withheld shares were surrendered to cover tax obligations (a standard, automatic transaction), not indicative of a decision to sell remaining holdings.
• For derivatives: the filing shows conversion/exercise of PSU/derivative awards into common shares (recorded at $0 exercise price because they were earned/vested awards).